Capital Brief — Business news and politics for the new economy
WEBTeal MP Kylea Tink has left the door open to running in Bradfield, but there's already a Climate 200-backed candidate who insists she's going nowhere. Capital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it ...
All eyes on Michele Bullock RBA after Fed rate cuts
WEB1 day ago · All eyes are on the RBA after the Fed fired the starting gun on rate cuts. It's going to be another big week in macro, with the RBA's rate decision on Tuesday the headline event and big speeches to watch from Peter Dutton and Joe Hockey. Jennifer Duke 4 minutes ago. RBA governor Michele Bullock will speak to …
Latest — Capital Brief
WEBBusiness news including Macquarie unit charged with fraud, “took advantage of retail” clients: SEC, FTC slams tech giants for AI, data surveillance practices, Power bills would rise under Coalition's nuclear plan, says energy think tank.
Surplus expected to be bigger than May budget forecast
WEB6 hours ago · The news: The federal budget ended 2023-2024 with $906.9 billion in gross debt, according to the Final Budget Outcome. This compares to about $1.056 billion of gross debt estimated in the Pre-Election Economic and Fiscal Outlook. The numbers: The surplus is also due to be somewhat bigger than the $9.3 billion estimated at the time of the budget, following a $22 billion surplus the year before.
Qualcomm reportedly eyeing Intel for record-breaking deal
WEB10 hours ago · Chip merger: Chipmaker Qualcomm has in recent days approached rival Intel for a potential acquisition, The Wall Street Journal reported citing unnamed sources. The San Diego-based chipmaker has proposed a friendly takeover of the struggling Intel, though it's unclear if an agreement will be reached, the Journal said.
Markets — Capital Brief
WEB3 days ago · Airtasker's Tim Fung defends unusual equity for ads contra deals. The online marketplace's CEO is betting future growth on a series of strategic marketing deals with US and local media companies that have put shareholders at risk of dilution. Jack Derwin · 4 September 2024. Briefing Market Wrap.
US Fed slashes rates by 50bps, kicks off cutting cycle
WEB4 days ago · The news: The US Federal Reserve cut its benchmark interest rate by 0.5 percentage points, lowering the federal funds rate to a range of 4.75% to 5% following concerns over the labour market. The numbers: The decision saw an 11-1 vote, with Governor Michelle Bowman dissenting in favour of a smaller 0.25-point cut, the first by a Fed board member since 2005.
Finance and markets — Capital Brief
WEB3 days ago · The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
Technology and startups - Capital Brief
WEB4 days ago · The world’s third-largest cybersecurity firm faces scrutiny after a data breach, first reported by Capital Brief, saw 440GB of information leaked online. But serious questions remain about the breach’s full impact and scope. Daniel Van Boom and Anthony Galloway · 13 September 2024.
Microsoft launches US$60b buyback, boosts dividend
WEB6 days ago · The news: Microsoft on Monday afternoon (US time) announced a US$60 billion ($88 billion) stock buyback at the same time as it raised its quarterly dividend 10% to US$0.83 per hare. The numbers: Market reaction to the move since the announcement has been minimal, with Microsoft's stock up 0.75% in after-hours trading to US$433. The company is currently the second most valuable in the world ...